Farmmi Announces North American Sales Win
Farmmi, Inc. (NASDAQ: FAMI) announced a new sales win in North America for dried Shiitake mushrooms, focusing on the Vancouver market. Chairwoman and CEO Yefang Zhang highlighted that North America is a significant growth area, benefiting from a resurgence in consumption due to the end of COVID-19 lockdowns. Farmmi aims to meet rising demand for high-quality agricultural products, which are increasingly valuable in healthy diets and popular cuisines. The company has a strong reputation for fulfilling larger orders globally.
- New North American sales win for dried Shiitake mushrooms.
- Chairwoman cites North America as a key growth market.
- Increased demand for high-quality agricultural products post-COVID.
- Risks related to lingering COVID-19 effects on customer businesses.
- Uncertainties in fulfilling customer orders and managing growth.
LISHUI, China, May 2, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced today a new North American sales win to Vancouver, Canada. The order is for dried Shiitake mushrooms.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented "North America remains a very active growth market for Farmmi. We are benefitting from a macro market expansion led by strong fundamentals. Our high quality agriculture products are increasingly sought after as part of a healthy diet and a widely popular ingredient in countless culinary dishes. With the reopening of most cities worldwide following COVID shutdowns, we are seeing a pick-up from both consumption at restaurants and in-home cooking. We continue to win new and repeat customer orders based on the reliable quality Farmmi is known for and our ability to fulfill larger scale orders globally."
About Farmmi, Inc.
Established in 1998, Farmmi Inc. (NASDAQ: FAMI) is an agricultural products supplier, processor and retailer of edible mushrooms like Shiitake and Mu Er, as well as other agricultural products. In addition to its offline sales, Farmmi sells its products direct-to-consumer at http://www.farmmi88.com. For further information about the Company, please visit: http://ir.farmmi.com.cn/.
Forward-Looking Statements
No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations and intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customer's businesses and our end purchaser's disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China, our ability to attract and retain skilled professionals, client concentration, industry segment concentration, and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Farmmi may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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SOURCE Farmmi, Inc.
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